My early morning reads:
• Banks Get Mauled by Bears’ Bets (WSJ)
• As Europe’s Currency Union Frays, Conspiracy Theories Fly (NYT)
• The U.S. Reaps Benefits as a Scarce Berth in the Safe Harbor (Barron’s) see also Foreign Investment Surges (WSJ)
• Rosie! A Noted Market Bear Gets (a Little) Bullish (WSJ)
• What Facebook Knows (Technology Review)
• Counting on an Inheritance? Count Again. (WSJ)
• The EU Smiled While Spain’s Banks Cooked the Books (Bloomberg) see also Greek Dilemma: Buy, Sell, or Hide (WSJ)
• WHY SMART PEOPLE ARE STUPID (New Yorker)
• Pelosi Joins Cantor Among Wealthiest U.S. House Leaders (Bloomberg) see also Congress reveals lawmakers’ personal mortgages for first time (Washington Post)
• Older, Mellower, but Still Woody (WSJ)
http://www.ritholtz.com/blog/2012/06/10-friday-am-reads-28/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.